According to reliable statistics, 9 out of 10 businesses fail in their first few years of existence

The purpose of the debt covenant that prohibits borrowers from entering into certain types of leases is to ________

A) protect the lender by controlling the risk and marketability of the borrower's security investments alternatives B) limit the amount of fixed-payment obligations C) ensure a cash shortage does not cause an inability to meet current obligations D) limit the annual cash dividends paid by the firm

In general, managers have authority over those employees who work at the same level as they do in the organization chart

Indicate whether the statement is true or false